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Abstract ▼ AI-Helper

This study attempts to examine how to internalize neoliberal globalization in Korea since 1997’s financial crisis, based on the analysis of the policy orientation, economic and industrial policies, and natures of the state interventions during Kim Dae Joong-Noh Moo Hyun-Lee Myung Bak Governments. We...

This study attempts to examine how to internalize neoliberal globalization in Korea since 1997’s financial crisis, based on the analysis of the policy orientation, economic and industrial policies, and natures of the state interventions during Kim Dae Joong-Noh Moo Hyun-Lee Myung Bak Governments. We can identify the Korean experience as the ‘developmental neoliberalization.’ It means that the neoliberal policy regime in Korea have served not so much to guarantee the working of market mechanism freely, as to achieve the developmental goals such like economic growth, export promotion, and catching-up. Thus, neoliberalism in Korea have been recognized not as a end but as a mean in itself. Developmental Neoliberalization in Korea has been consisted of trade & finance opening, liberalization, deregulation as the core of the policy regime, but if necessary, added Keyensian policies and developmental interventions. Nevertheless, considering on the context of the ‘Augmented Washington Consensus’ and ‘varieties of neoliberalism’ in 1990s, the Korean case can be identified as a sub-version of neoliberalism with the Korean characteristics.

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